Zimbabwe Government Breaks Silence on Gold-Smuggling Allegations
- Oops!Something went wrong.Please try again later.
(Bloomberg) -- Zimbabwe will investigate allegations of money laundering and gold smuggling that were aired in an Al-Jazeera documentary last month, the government said in its first response to the broadcaster’s revelations.
Most Read from Bloomberg
UBS Chairman’s Top-Secret Prep Paid Off in Credit Suisse Moment
China’s Yuan Replaces Dollar as Most Traded Currency in Russia
Bernard Arnault’s Fortune Soars Past $200 Billion for First Time
“Government takes the allegations raised in the documentary seriously, and has directed relevant organs to institute investigations into the issues raised,” Information Minister and Publicity Minister Monica Mutsvangwa said in a statement in the capital, Harare, on Tuesday. “Any person found to have engaged in acts of corruption, fraud or any form of crime will face the full wrath of the law.”
Al-Jazeera has alleged that the smuggling took place with the knowledge of the government and the involvement of the nation’s central bank. The weekly screening of the four-part documentary has caused a buzz on social media.
Prior to it being aired, the Reserve Bank of Zimbabwe said snippets of the documentary it had watched were “sensationally wild, false and malicious.” It said alleged smuggling kingpins, secretly filmed, don’t represent the central bank.
Read more: Next Africa: Zimbabwe Finds That Silence Isn’t Always Golden
The government is committed to upholding domestic and international law, including those relating to financial transactions, and the trade in gold and other precious metals, Mutsvangwa said.
Most Read from Bloomberg Businessweek
©2023 Bloomberg L.P.
